BUZZ-Microchip Technology up after Mizuho hikes PT
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Microchip Technology shares rose 2.5% premarket to $67.18 after Mizuho raised its price target to $80 from $75, maintaining an "Outperform" rating. Mizuho cited stronger bookings and increased FY26 revenue and profit forecasts. The brokerage also lifted FY27 revenue and EPS forecasts, noting industrial recovery potential. Currently, 19 of 27 analysts rate the stock as "buy" or higher, with a median price target of $75.
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